Standard Register CEO: Company on the right track

Standard Register Co. is making great progress with integrating WorkflowOne and its pipeline of healthcare work is growing rapidly, but the next three to four quarters will be an intense time for the company.

“We have to execute” said President and CEO Joe Morgan Jr., to about 40 people at the company’s annual meeting Thursday in Dayton.

Morgan also told the audience — which was sparse compared to other annual meetings — that Standard Register will continue to invest aggressively within its constraints, but put a lot of thought into where that money goes.

“If you don’t know what your customers are doing and why, you risk becoming irrelevant,” he said.

The Dayton-based document management and business communications company has been working to transition to from a traditional printer to a high-tech solutions business with staying power. The health of Standard Register — one of the few remaining public companies in the region — is critical to the local economy.

It has about 800 local employees and 3,700 total workers.

“Our strategies are gaining momentum,” Morgan said. ““We’re in a better position than ever before.”

Another notable from the meeting: Morgan said Standard Register has more than 70 facilities and although some have already been scheduled to close, the company still has too much capacity. While not providing detail, he said that will be “substantially” reduced.

On Friday, the company will post first quarter numbers, only its third reporting period since acquiring WorkflowOne last summer.